The Exim Bank of India funded Polgahawela Water Treatment Plant order has been brought into the company's order book, following the signing of the loan agreement between the Water Board of Sri Lanka and Exim Bank of India earlier this month.
VA Tech Wabag Ltd, a leading Indian MNC in the water sector has won record orders worth Rs. 5,000 Crores in FY 2016. This is the highest ever order intake clocked by the Group in a single financial year.
The Exim Bank of India funded Polgahawela Water Treatment Plant order has been brought into the company's order book, following the signing of the loan agreement between the Water Board of Sri Lanka and Exim Bank of India earlier this month. The order is worth US$ 108 mn and is the second order secured from Sri Lanka by the Company through Buyers Credit, the first one being the Dambulla order, which is at an advanced stage of completion. The scope includes Design, Construction, Testing and Commissioning of an Integrated Water Supply Scheme for Polgahawela and adjoining areas.
Speaking on the development, Mr. Arvind Dullu, Country Head - Sri Lanka, said "I am happy that we have secured the second order in Sri Lanka with Buyers Credit of Exim Bank which reaffirms WABAG's focus on funded orders across geographies."
In September '15, the company secured an INR 1,500 crore Effluent Treatment Plant order from PETRONAS in Malaysia which is progressing at a good pace. The Re-FEED engineering approval has been achieved and the procurement activities have already started for this project. The construction activities too at the site have begun.
On the INR 580 crore Al Madina Al Shamaliya Sewage Treatment Plant order, which was bagged by the Company during the month of July '15, the basic engineering has been approved by the client. In this project, the civil works have started and the ordering of key equipments is at an advanced stage. The INR 220 Crore RWTP order from Dangote Fertilizers in Nigeria is at an advanced stage of engineering and the ordering of supplies is progressing at a good pace.
stock view:
Va Tech Wabag Ltd is currently trading at Rs. 531.3, up by Rs. 22.75 or 4.47% from its previous closing of Rs. 508.55 on the BSE.
The scrip opened at Rs. 513 and has touched a high and low of Rs. 540.95 and Rs. 507.5 respectively. So far 32346(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2771.41 crore.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 956.7 on 19-Mar-2015 and a 52 week low of Rs. 409.3 on 01-Mar-2016. Last one week high and low of the scrip stood at Rs. 536 and Rs. 497.7 respectively.
The promoters holding in the company stood at 28.95 % while Institutions and Non-Institutions held 52.4 % and 18.65 % respectively.
The stock is currently trading above its 200 DMA.
The Exim Bank of India funded Polgahawela Water Treatment Plant order has been brought into the company's order book, following the signing of the loan agreement between the Water Board of Sri Lanka and Exim Bank of India earlier this month. The order is worth US$ 108 mn and is the second order secured from Sri Lanka by the Company through Buyers Credit, the first one being the Dambulla order, which is at an advanced stage of completion. The scope includes Design, Construction, Testing and Commissioning of an Integrated Water Supply Scheme for Polgahawela and adjoining areas.
Speaking on the development, Mr. Arvind Dullu, Country Head - Sri Lanka, said "I am happy that we have secured the second order in Sri Lanka with Buyers Credit of Exim Bank which reaffirms WABAG's focus on funded orders across geographies."
In September '15, the company secured an INR 1,500 crore Effluent Treatment Plant order from PETRONAS in Malaysia which is progressing at a good pace. The Re-FEED engineering approval has been achieved and the procurement activities have already started for this project. The construction activities too at the site have begun.
On the INR 580 crore Al Madina Al Shamaliya Sewage Treatment Plant order, which was bagged by the Company during the month of July '15, the basic engineering has been approved by the client. In this project, the civil works have started and the ordering of key equipments is at an advanced stage. The INR 220 Crore RWTP order from Dangote Fertilizers in Nigeria is at an advanced stage of engineering and the ordering of supplies is progressing at a good pace.
stock view:
Va Tech Wabag Ltd is currently trading at Rs. 531.3, up by Rs. 22.75 or 4.47% from its previous closing of Rs. 508.55 on the BSE.
The scrip opened at Rs. 513 and has touched a high and low of Rs. 540.95 and Rs. 507.5 respectively. So far 32346(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2771.41 crore.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 956.7 on 19-Mar-2015 and a 52 week low of Rs. 409.3 on 01-Mar-2016. Last one week high and low of the scrip stood at Rs. 536 and Rs. 497.7 respectively.
The promoters holding in the company stood at 28.95 % while Institutions and Non-Institutions held 52.4 % and 18.65 % respectively.
The stock is currently trading above its 200 DMA.
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